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FX.co ★ BTC analysis for March 04,.2021 - Completion of the ABC correction and potential downside movment towards $43.300

BTC analysis for March 04,.2021 - Completion of the ABC correction and potential downside movment towards $43.300

Further Development

BTC analysis for March 04,.2021 - Completion of the ABC correction and potential downside movment towards $43.300

Analyzing the current trading chart of BTC, I found that BTC completed the ABC upside correction as I alerted you yesterday and that is ready for the new downside wave.

My advice is still to focus on selling opportunities on the rallies with the downside targets at $47,280 and $43,300.

Additionally,Stochastic oscillator got fresh bear cross, which is another sign of the downside wave.

Key Levels:

Resistance: $52,000

Support levels: $47,280 and $43,300.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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